The world in which we live is changing fast as technology revolutionises nearly every facet of our daily lives. This is especially becoming more apparent in the global health-care industry where physical devices or smart systems powering these devices are assisting doctors and patients, helping them to connect in new ways. Data can now be transmitted in real time and physicians can treat life-threatening conditions much faster then they could have a few years ago.
With expanding horizons, there
10. Boston Scientific
Boston Scientific is a worldwide developer and manufacturer of medical devices whose products are used in a vast array of
Stryker is one of the world's leading medical technology companies that aims to make health care more effective and affordable.
Phillips Healthcare comprises 42% of the company's total global sales revenue; with more than 37,000 employees worldwide across 100 countries this firm is certainly one to watch in 2016. Although at the end of 2015, the company posted a net income loss of $43m, the company has nevertheless produced over 450 products and services relating to the health-care industry, and currently invests 8% of its sales in research and development. A net income loss of $43m also pales in comparison to it annual revenues of $10bn.
7. Abbott Laboratories
Abbott Laboratories deals primarily in diagnostics, medical devices, generic pharmaceuticals and
6. GE Healthcare
GE Healthcare is one of the leaders in the medical device industry. Some of the firm's latest products
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5. Baxter International Inc
Baxter International is an American-based health-care company with
Roche is a multinational global health-care company that operates under two distinct divisions: Pharmaceuticals and Diagnostics. With revenues of more than $47bn in 2015, the company's diagnostics division aims to empower doctors to make the correct decisions for their patients at the right time. The company also aims to use diagnostics to ultimately reduce health-care costs by diminishing subsequent health problems, minimising hospitalisation and avoiding unnecessary treatments. In-vitro diagnostics have been so influential in global health-care systems that they are used in over 60% of decision making, yet account for just 2% of total health-care spending.
Germany-based Siemens had net income in 2015 of $5.25bn and is the largest medical device company in Europe. The company was founded in 1847 and currently provides more than 340,000 jobs worldwide. The firm works in clinical
1. Johnson & Johnson
The medical device unit of Johnson & Johnson (DePuy Synthes) is involved in the production of a vast variety of products that treat anything from orthopaedics to peripheral vascular and obstructive diseases. Earlier this year, although J&J cut 3000 jobs from its medical device unit, representing around 6% of the workforce, the company is seeking to gain approval for over 30 products by the end of this year. The firm had total revenues of $70bn in 2015, and capitalising on this growth it is now investing further in its diabetes care, surgery and orthopaedics and vision care.